World

Wealthy super-rich: billionaires increase 9.9 trillion in wealth

New York, Ta. January 2, 2020 is Saturday

According to Forbes magazine, the total wealth of the world’s 2,200 billionaires has increased to 91.9 trillion by 2020. The year 2020 has become notorious for disrupting economic activity worldwide due to the corona.

Most countries remained under lockout-curfew for months. Therefore, there was a deadlock in the economic activity of the common people. But the fortunes of billionaires have risen rather than fallen.

As of December 31, 2019, the world’s billionaires had a total wealth of ₹ 9.5 trillion. It rose to ₹ 11.4 trillion by the end of 2020. This means that the average wealth has increased by 20 percent. The total wealth of America’s 600 billionaires increased by 60 560 billion during the year.

In India, the government is talking about doubling the income of farmers. The reality is different. Farmers are agitating and dying. In comparison, the wealth of India’s billionaires increased by 75 billion during the year.

Tesla Motors CEO Elon Musk made a big jump this time. His fortune rose from 110 110 billion to 13 137 billion, making him the third richest man in the world.

In which country has the wealth of billionaires increased?

Here is the total increase in wealth of billionaires from different countries during the year and an additional percentage compared to 2019. Additional figures are in the billions of dollars.

Country

Increase in wealth

China

750 (60%)

America

560 (16%)

France

95 (23%)

India

75 (19%)

Hogcog

60 (19%)

Germany

55 (10%)

Japan

55 (38%)

Singapore

45 (47%)

Australia

35 (28%)

Sweden

30 (21%)

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